Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Well done teddy, I sold up yesterday, better to be up and watch it go up further than to sit there kicking yourself iff it tumbles and your stuck once more
I have sold up...Will watch from a distance for now GLA
I sold 30k yesterday late on, and wondered about buying back in today, a mistake image all too often. Unless counter bids come in, 105 is likely top end for now.
It can drop heavily, quickly, having been between 83 and 66-70 several times since early Jan, for no apparent reason. I hope to stay out for a week or 2 and see which way it heads
Nope, not for 5% margin that you might need to wait 6 months for, less buying costs. Unless there is a second bid but I wouldn't count on it, and if this falls through you'd be buying at a quid and it would be back in the 80s
Not now you missed it
is it worth buying now,anyone's opinion on this appreciated.Thank you
At the risk of me being the usual HYVE bore wrt M/Cap, the figures you are using are the ones back-plotted on most platforms after the share issue/consolidation and they do not represent the actual ones pre-covid.
Market cap pre covid was 815m shares x circa £1.00= £815m. It was trading around the £1 mark just before COVID hit and it dropped to about 20p being 16p immediately prior to consolidation.
Shares in issue now 265m....
Completely different beast to what it was pre pandemic though. Now operating in developed markets and cash generation should only go upwards and upwards especially as China reopens. Lots of opportunities in the U.S also.
I guess the results they plan to announce on 27th March will determine whether they accept the offer or not. If they are doing as well as I suspect, I can see this bid being rejected if it comes to fruition. I was expecting the S.P to hit these heights just on the back of the results so I see little point accepting a low bid.
Choose wisely
High percentage of revenue came out of Russia, which no longer does
"105p offer, are you kidding me? Hyve was 500p prepandemic and as China opens, its worth much more!"
Pre covid they had 74m shares in issue, so £5 = £370m market cap
Today the share count is 292m, so £370m market cap = £1.27
So the £1.05 is around 20% below the pre pandemic level, leaving room for further bid upside but not a lot. I suspect they'll accept 105p.
105p offer, are you kidding me? Hyve was 500p prepandemic and as China opens, its worth much more!
I missed this my stop loss triggered got sold it for 95 P .Is anyone bidding for this company.Thanks
Whilst a nice treat, seems a low ball offer. No surprise this offer will need to be firmed up by 21st March. Less than a week before they announce results and hold Investor Presentations.
Let's hope they bin this potential offer and this s.p rockets further on the basis of the 27th March announcement.
Gla.
I really need to give up! May take a small loss at cine and keep out whilst markets are so high
I done worse. Bought Luce a few years ago in the 30’s and sold for 30% profit. It went on to 10 bag.
I know, early Jan i slightly hit profit, didn't sell and dropped £4k in a matter of days. Same about 10 days ago, so I thought I'd cash in and buy back low 70's usual recent pattern! It really is sod's law in my case!
Yes I would say it is a cheap offer. Hopefully a counter bid will come in.
Sorry to hear you sold yesterday. Sods law. The signs were all there for an increase in the sp and it is no surprise an offer came in as the project profits and turnaround makes hyve cheap.
Its gotta be worth more than that surely?
Possible bid £1.05.i sold all yesterday at 86 for a small profit, having been in deficit for over a year
I came on here with the very same question
Good to see a move upwards...anyone else any thoughts why?
I am still holding, don't mind waiting for a long time
Hoping for further positive news over the next fortnight. AGM this week and that's normally followed shortly after with a trading update. As things stand I expect a positive update following on from the previous statement. Certainly increased revenues for 2023 and as a result hopefully strong debt reduction.
42Trader
I generally agree.
The one thing I would say is that the share consolidation tweaked the price yes, but 300 is still possible as a return to the previous pre-covid market cap which was 3 years ago. There is a lot of historic posts on here going around that buoy, as at the time the platforms all ran back plotted graphs showing previous back-extrapolated prices of £10 plus which the rampfest seized upon. etc etc.
They do have a history of using equity to raise or pay for stuff, but overall I'm still positive. GL